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weekly Forex Report (7 MAY 2012)


Weekly News

       Indian rupee falls for 5th week.
       Indian rupee rebounds; RBI intervention debated
       Dollar drops on jobs data, euro sinks before elections
       Euro dips ahead of elections, U.S. jobs data




Weekly trends of the market

       The The dollar slipped against the yen in volatile trading on Friday after a government report
        showed U.S. employers added fewer jobs in April than expected, providing further evidence
        the economic recovery was losing momentum. The euro edged lower, while the Australian
        and New Zealand dollars tumbled as the data prompted investors to shed riskier, growth-
        linked currencies for safer investments such as Treasuries. U.S. employers added 115,000
        workers last month, well below expectations of 170,000. The unemployment rate fell to 8.1
        percent but only because more people left the workforce. Jobs growth in previous months
        was revised upwards. The data followed a string of weak readings on the economy that fueled
        speculation of more monetary stimulus from the Federal Reserve.
       The Indian rupee staged a late recovery on Friday that sparked debate about central bank
        intervention, but is still within reach of a lifetime low after posting a fifth successive week of
        falls on rising fears of foreign outflows. "It seems that RBI came in to supply the market at
        around 53.65 levels. But the rupee's recovery was largely due to squaring off of positions by
        foreign banks ahead of U.S. non-farm payrolls and selling by a large corporate," said the chief
        dealer with a foreign bank.
www.epicresearch.co +919993959693



                             WEEKLY CHARTS
   USD/INR




   EUR/INR




                                             www.epicresearch.co +919993959693
www.epicresearch.co +919993959693




   GBP/INR




   JPY/INR




                                    www.epicresearch.co +919993959693
www.epicresearch.co +919993959693




   Disclaimer
   The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
   accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
   them the most.

   Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
   analysis and up on sources that we consider reliable.

   This material is for personal information and based upon it & takes no responsibility

   The information given herein should be treated as only factor, while making investment decision. The report does not
   provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate
   particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall
   not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
   and regulations of NSE and BSE.

   The share price projections shown are not necessarily indicative of future price performance. The information herein,
   together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be
   holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
   his free will and does not read any views expressed as a recommendation for which either the site or its owners or
   anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

   All Rights Reserved.

   Investment in equity & bullion market has its own risks.

   We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
   whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not
   purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
   anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
   which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.




                                                                                                    www.epicresearch.co +919993959693
www.epicresearch.co +919993959693




                                    www.epicresearch.co +919993959693

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WEEKLY FOREX REPORT BY EPIC RESEARCH-07 MAY 2012

  • 1. weekly Forex Report (7 MAY 2012) Weekly News  Indian rupee falls for 5th week.  Indian rupee rebounds; RBI intervention debated  Dollar drops on jobs data, euro sinks before elections  Euro dips ahead of elections, U.S. jobs data Weekly trends of the market  The The dollar slipped against the yen in volatile trading on Friday after a government report showed U.S. employers added fewer jobs in April than expected, providing further evidence the economic recovery was losing momentum. The euro edged lower, while the Australian and New Zealand dollars tumbled as the data prompted investors to shed riskier, growth- linked currencies for safer investments such as Treasuries. U.S. employers added 115,000 workers last month, well below expectations of 170,000. The unemployment rate fell to 8.1 percent but only because more people left the workforce. Jobs growth in previous months was revised upwards. The data followed a string of weak readings on the economy that fueled speculation of more monetary stimulus from the Federal Reserve.  The Indian rupee staged a late recovery on Friday that sparked debate about central bank intervention, but is still within reach of a lifetime low after posting a fifth successive week of falls on rising fears of foreign outflows. "It seems that RBI came in to supply the market at around 53.65 levels. But the rupee's recovery was largely due to squaring off of positions by foreign banks ahead of U.S. non-farm payrolls and selling by a large corporate," said the chief dealer with a foreign bank.
  • 2. www.epicresearch.co +919993959693 WEEKLY CHARTS USD/INR EUR/INR www.epicresearch.co +919993959693
  • 3. www.epicresearch.co +919993959693 GBP/INR JPY/INR www.epicresearch.co +919993959693
  • 4. www.epicresearch.co +919993959693 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919993959693
  • 5. www.epicresearch.co +919993959693 www.epicresearch.co +919993959693